This report analyze which economic activities have the highest potential to boost innovation and entrepreneurial development in Mexico City. In order to do so, the three following metrics are taken into account.
Economic Complexity uses data on the geography of economic activities to infer the presence of capabilities. This capabilities are summarized in the The Economic Complexity Index (ECI).
Affinity (relatedness) measures the probability of a city, or region to adopt a certain economic activity (a new product, industry, technology). According to this principle, the probabilities of a city developing a new industry increases with the number of related activities present in that location. This principle can be used to predict which activities are most likely to emerge - or disappear - in a city.
Revealed Comparative Advantage (RCA) measures the degree of specialization of a certain region. The RCA is equal to the proportion of exports of a certain product, divided by the proportion of world exports of this product. If the RCA value of a certain activity is higher than 1, then the territory is a specialist in its production.
The following table presents the economic activities avaiblable in Mexico City. They are ordered from the highest to the lowest RCA.
Here are some visualizations to facilitate your analysis: